For the first time in history Em@ney introduces the Electronic Cheque
One of Em@ney's innovation in the fields of electronic payment tools
First in the world, Em@ney offers to its customers this tool of unreachable versatility. It can be utilized by any subjects that holds an Em@ney account to pay anybody knowing just the name, phone number and emails of the beneficiary.
The beneficiary will receive a SMS on his phone and one email that contain the 2 parts of the code needed to cash the cheque.
These data will have to be provided on the cash out page together with the details of the account on which the addressee wants the cheque to be accredited.
Use case example
Ann owes 100 dollars to Barnaby, but Barnaby didn't decide yet where to cash them out.
Anna has an account with Em@ney, she logs in with her EBanking and she issues an electronic check to Barnaby, including his nname, mobile number and email.
Barnaby receives a code via SMS and an email. Following the link in the email he can choose in which bank to cash it just introducting his IBAN code.